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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

PYMNTS

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments. I think this is a problem that requires a lot of solutions and a lot of layers of security.

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SEC Probing First American Financial’s Data Breach

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

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FAFC Data Breach Exposed 885M Financial Records

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

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Fintech Startup of the Week: Secure to Make Emergency Savings Plans as Ubiquitous as the 401k

Fintech Labs Insights

Just out of stealth, Seattle-based fintech startup Secure Save is on the winning side of all these trends. That’s what Secure is launching. Like a retirement plan or HSA, employees agree to have a small percentage of their pay withheld ( though a key difference is the savings account if funded after-tax ).

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Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

HQ: Seattle, Washington. Payment security technology. Income tax service. Tags: Consumer, SMB, accounting, bookkeeping,, tax returns, tax prep. Source: Crunchbase. International payments service. Latest round: $38.5 million Series C. Total raised: $61.5 Source: Crunchbase. Japanese Bitcoin exchange. million Seed.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Secure messaging for financial services. HQ: Seattle, Washington. Tags: Enterprise, IDology (investor), security, risk management, payments, Finovate alum. HQ: Atlanta, Georgia. Latest round: $135 million at $1 billion valuation. Total raised: $600 million. Source: Finovate. HQ: Palo Alto, California. Latest round: $5 million.

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GonzoBanker Awards 2017

Gonzobanker

Bravo to CEO Brian Vance, President Jeff Deuel and team for a watershed expansion into the hot Seattle market with a bank whose commercial skills can complement those of its acquirer. Biggest Branch ITM User Award : The Security Guard. Executioner’s Tax (Swing of the Ax) – Power Trip. Award : Amazon’s acquisition of Whole Foods.